Public Property Financing Corporation of California

Analysis

Public Property Financing Corporation of California is a registered charity in United States, based in Westlake VLG, CA. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Public Property Financing Corporation of California reported income of $56k and spending of $90k, spending 160% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $56k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 158% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Public Property Financing Corporation of California sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Belle Vernon Library Association ($56k), International Association for Pattern Recognition Incorporated ($56k) and Bear Home Foundation Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.